LendFast.com Nationwide Home Mortgage Loan Company
Fast Mortgage Closings - Nationwide Home Mortgage Loan Company
Excerpted from the website:
- What Is PMI?
- PMI is extra insurance that lenders require from most homebuyers who obtain loans that are more than 80 percent of their new home's value. In other words, buyers with less than a 20 percent down payment are normally required to pay PMI.